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Mr. Nowak has contributed $242.00 at the end of each three months into an RRSP paying 5% per annum compounded annually. How much will Mr.

Mr. Nowak has contributed $242.00 at the end of each three months into an RRSP paying 5% per annum compounded annually. How much will Mr. Nowak have in the RRSP after 18 years? How much of the above amount is interest?

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